Coinbase, the largest cryptocurrency exchange by volume in the United States, continues its aggressive listing strategy. This approach, particularly following the election of President Trump, may have led to more flexible listing standards. Recently, the platform has announced a new presale, further indicating its shift towards diversifying investment options and offering new altcoins. Today, Coinbase revealed yet another altcoin slated for listing.
Breaking News in Altcoin Listings
According to the latest announcement from Coinbase, Allora (ALLO) is set to be listed within the next few hours, granted the necessary liquidity conditions are met. The ALLO-USD trading pair will be activated incrementally. The token, based on the Ethereum network, has a contract address of 0x8408D45b61f5823298F19a09B53b7339c0280489. Investors are advised to remain cautious about fake tokens and confirm the contract address in their DEX purchases.
Recently, Coinbase has been actively listing emerging altcoins like ALLO Token. Focusing on offering more opportunities for U.S. investors, the exchange is now more interested than before in such altcoins, which often display increased volatility. Its presale platform announcement highlights its clear intent in this regard.
Allora Token, with a $600 million fully diluted valuation (FDV) and a $120 million market cap, might experience fluctuations throughout the week. The token has a maximum supply of 1 billion. Like Binance, other exchanges are already listing this altcoin, which is aimed at the artificial intelligence sector.
Revolutionizing Data and Insight with Allora
“In today’s world, powerful machine learning and AI are primarily confined to industry giants, where data, algorithms, and computing resources remain isolated and limited,” says Allora. Allora seeks to break these silos by creating an open network that seamlessly integrates diverse datasets, algorithms, and computational power.
By maximizing these connections, Allora enables everyone to benefit from collective insights, offering a richer and more relevant source of information for making smarter decisions,” – Allora.